Target Team definition
Examples of Target Team in a sentence
If a Change of Control occurs prior to the time that the Compensation Committee has established the Target Unit Performance Percentage, Target Personal Performance Percentage, or Target Team Performance Percentage for the Plan Year, such percentages shall be based upon the corresponding percentages for the immediately preceding Plan Year.
If and to the extent that a Target Memorandum states that any Target has not been satisfied, Purchaser shall cause the Target Team to evaluate whether the Purchaser believes such Target has been satisfied as of the close of business on the fifth Business Day following the Target Team's dispatch of such Target Memorandum (such date, the "Grace Date"), and to transmit by e-mail to Mr. Dyke a brief message (a "Grace Message") stating wheth▇▇ ▇▇▇▇ Target has been so satisfied.
In making any such determination, the Target Team shall apply reasonable business judgment.
In the event that Seller disagrees with any of the Target Team's determinations concerning whether a Target has been satisfied, Seller shall transmit to the Target Team and Purchaser by e-mail a message stating the determination with which it disagrees and including a reasonably detailed explanation of the factual basis for Seller's disagreement.
Purchaser shall cause the Target Team to transmit by e-mail to Mr. Pete Dyke, or (if he is unavailable) a substitute desi▇▇▇▇▇▇ ▇▇ ▇▇▇ler, within 10 calendar days following each Assessment Date, a brief memorandum (each, a "Target Memorandum") stating, with respect to each Target, whether the Purchaser believes such Target has been satisfied as of the related Assessment Date.
Subject to the disagreement resolution provisions of this Section 3.6(b), Seller and Purchaser agree that Mr. Kent Wanzek and Ms. Pam Dunlap, or (if any such individual is u▇▇▇▇▇▇▇▇▇▇) substitu▇▇▇ ▇▇▇ ▇▇▇▇ individuals designated by Purchaser (collectively, the "Target Team"), will determine whether Purchaser believes that each Target has been achieved as of any Assessment Date, or the related Grace Date, as the case may be.
Notwithstanding the fact that the Target Team shall not be required to transmit any Target Memorandum prior to the 10th calendar day following the related Assessment Date, each of Seller and Purchaser shall cooperate and communicate promptly concerning any conditions or circumstances that could adversely affect the performance of the systems measured by the Targets or any conditions or circumstances that could cause the Targets to fail to be satisfied.